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Multi-family housing sales in Colorado Springs have continued to increase in the first three quarters of 2014, driving the local market to new highs, according to a report by local apartment firm Commonwealth. “The Colorado Springs apartment market is on a record breaking pace,” Commonweath CEO Ron Spraggins wrote in the report. The sales of […]
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South Nevada Avenue is set for another burst of activity and transformation in the coming weeks. Construction has been a staple in the urban renewal area over the past year, but behind the scenes and the growing row of retail storefronts, hundreds of wheels are turning on projects that will breathe new life into the […]
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Members of the Urban Renewal Authority patted one another on the back last week after finally resolving the relocation policy associated with urban renewal. However, some business owners and concerned citizens who attended the URA¡¦s board meeting were less enthused, crossing their arms and shaking their heads. ¡§They may have a great vision for what […]
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No one showed up Wednesday morning to bid on the Antlers Hilton at the El Paso County Public Trustee foreclosure sale, so the property was sold to the lender for less than what was owed. The Antlers property had a deficiency of $3.6 million, and $38 million was the final amount the beneficiary paid for […]
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Cushman and Wakefield Colorado Springs Commercial brokered two real estate sales recently, both in high-traffic areas. KG Store 684 LLC purchased the 2.8-acre vacant commercial lots at 2406-2422 Research Parkway for $1.26 million. The land is at the Corner of Research Parkway and Chapel Hills Drive. Brokers Peter Scoville, Greg Kaufman and Mark Useman completed […]
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No flowery prose today – there’s too much real estate news to pass on. From the opening of the 2002 Parade of Homes to the Urban Land Institute’s mid-year projections and a plethora of new transactions to report, the dog days of August will be anything but dull. HBA’s Parade of Homes Runs August 9-25 […]
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Griffis/Blessing Inc. will handle property management for The Flats at Sky Village and The Reserve at Oak Park, both located in Arvada and owned by Ruffner Properties LLC. The Flats at Sky Village is the larger of the two properties with 105 one- and two-bedroom apartment homes, whereas The Reserve at Oak Park has 42 […]
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A recent market report from Colorado Springs-based Quantum Commercial Group has indicated continued recovery for the local commercial real estate market — slow as it may be. Quantum’s first market report of 2014 reviewed data from the year’s first quarter, tracking flat or sluggish trends in the metropolitan area’s office, industrial and retail markets. But […]
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Carole Jackson of Security Florist used to bring her older flowers to the adjacent Dad’s Kwik Inn Diner at the end of each week. There her colorful contributions would adorn the tables. “We used to get customers often because of them,” she said of the now-vacant building at 385 Main Street in Security. According to […]
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At its northernmost point, Powers Boulevard is met with a juxtaposition. By now, InterQuest Parkway was supposed to be a vibrant strip of hotels, entertainment venues, restaurants, offices and residences. Instead, semi-finished buildings left vacant for 10 years stand mere feet from new construction. Stymied by a stagnant economy and developer bankruptcy, associated players are […]
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Office vacancies remain high in the newly constructed buildings on the north end of Colorado Springs. Both Hoff & Leigh Commercial Real Estate and Sierra Commercial Real Estate released their second quarter reports this week and while the statistics varied, both documented high vacancy rates in commercial office space in the northern part of the […]
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Simon Penner of CameronButcher Commercial Real Estate brokered a number of leases recently for downtown commercial properties. He represented both the lessee and the lessor on all of them. “Space is tightening up in downtown Colorado Springs,” Penner said. The properties include: • A new quick-serve sushi restaurant at 107 N. Tejon St., operated by […]
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